Bitcoin OG "1NY5Kh" Moves 2,819 BTC Worth $213.36M After 8-Year Dormancy

Standard Chartered: Bitcoin may drop to $50,000, Ethereum to $1,400, BTC year-end target lowered to $100,000

Standard Chartered Bank predicts that Bitcoin may drop to $50,000 in the short term, and Ethereum could fall to $1,400, mainly due to ETF capital outflows and poor economic conditions. Although the target prices have been significantly lowered to $100,000 for Bitcoin and $4,000 for Ethereum by the end of the year, the long-term outlook remains optimistic. Compared to previous cycles, this bear market has not been accompanied by major platform failures, indicating increased market resilience.

The Bitcoin codebase adds the proposed improvement BIP-360 aimed at enhancing resistance to quantum threats through soft forks.

ChainCatcher message, according to related page information, Bitcoin Improvement Proposal 360 (BIP-360) has been added to the official code repository. This proposal introduces the Pay-to-Merkle-Root (P2MR) output type, aimed at enhancing Bitcoin's defense against quantum computing threats through a soft fork.

The cryptocurrency sector shows mixed gains and losses, with the AI sector rising nearly 3%, while BTC drops below $67,000.

The cryptocurrency market sectors experienced mixed gains and losses, with the AI sector rising by 2.80%, including Kite surging by 18.14%. Bitcoin fell to $67,000, while Ethereum fluctuated around $1,900. Other sectors performed variably, with the DeFi sector seeing significant gains.

Ripple CTO blasts Bitcoin technology dead end! Can XRP make a comeback over BTC through innovation?

Ripple Chief Technology Officer and one of the founders, David Schwartz, called Bitcoin a dead end in terms of technology, criticizing not the price but the architectural design. Schwartz's recent article pointed out that Bitcoin's continued dominance relies more on network effects than genuine innovation, warning that the lack of development could become a weakness in its growth phase. XRP is still in a downward channel but recently surged to $1.10, currently seeking support above $1.30.